Which of the following best measures the return realized by an investor who made many contributions and distributions to his or her portfolio over the investment horizon? A. arithmetic return B. geometric return C. dollar weighted return In general, investments that are very___should be placed in a___account. A. tax efficient; tax deferred B. tax inefficient; tax deferred C. tax inefficient; taxable An appropriate asset allocation for an investor is best determined by which of the following factors? A. risk tolerance of the investor B. the typical asset allocation for investors of the same age C. goals and constraints associated with the investor D. A and C Which of the following should be considered as a measure of cash flow when valuing an equity investment that does not currently pay a dividend? A. gross profits B. cash flow from financing activities C. free cash flow Assuming all other factors arc held constant, a___will lead to a higher estimate for the value of an investment. A. lower required rate of return B. higher growth rate C. A and B Which of the following is a measure that provides information on the relationship between the price movements of two investments? A. standard deviation B. arithmetic return C. correlation D. semi-variance Which of the following is a measure that provides information on the amount of investment return per unit of risk? A. R^2 - coefficient of determination B. expense ratio C. sharpe ratio D. duration